The Jersey Financial Services Commission, which oversees an
industry worth an annual pounds 230 billion, is reviewing its PR and
public affairs account after a seven-year association with
The commission, which is responsible for the regulation, supervision and
development of the island’s financial services industry, is breaking up
the long-held Shandwick brief.
The review has come about because of changes to the commission’s role.
The commission - with 50 staff - is no longer responsible for promoting
the island as a financial centre. A report in 1998 by former treasury
official Andrew Edwards recommended that it was not appropriate for the
same organisation to both promote and regulate the financial services
industry on Jersey.
Communications manager Moya Fenoughty will from now on handle local
media relations and information distribution, via press releases and
Fenoughty, a former marketing professional with Jersey’s local
television station Channel TV, says that she feels capable of
maintaining what she calls, ’the good work Shandwick has been
The press cuttings and media analysis aspect of Shandwick’s remit will
be outsourced to a specialist agency, possibly one based on Jersey
Over the next three months Fenoughty will stage a pitch to award the
remainder of the workload and Shandwick is expected to take part. The
brief will include regular monitoring of regulatory and legislative
issues which will impact on the commission’s work.
’We are looking for an agency to analyse matters of concern to Jersey as
a global finance centre and act as our eyes and ears in London,’